Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

I'm with you cynic, there's no point in pressing a panic button when there's nothing to panic about.

Dont forget aswel Cyners the big sell of could come well before the 17th .

I notice is just got worse on the DOW in the last 20 mins.

Not wanting to be a doom and gloom merchant but just hoping people here dont get hurt.

doodlebug4 - 03 Oct 2013 14:58 - 30489 of 30490

I'm with you cynic, there's no point in pressing a panic button when there's nothing to panic about........................ends

are you sure youve worded that right doodles?.

doodle is correct ...... there is no panic except a self-induced one ..... i'm not saying you're wrong though I would point out the old truism that when it is awfully obvious what will happen, very often it does not .... that said, I deemed it prudent to lock in a few profits

meanwhile, i'll keep reading about LNG production and usage and try to work out how to take advantage of that market

Graeme Wearden‏@graemewearden2m

Christine Lagarde weighs into US Government Shutdown row - saying it's "mission critical" to raise debt ceiling http://www.theguardian.com/business/2013

Nothing to panic about gf - typical USA, now that Syria is out of the way do we we really need to get the worry beads out again? Obama will chop and change his mind as per usual and I'm not about to sell some perfectly good shares in my portfolio just because some people are trying to make a crisis out of a drama!

.

Cyners remember the DotCom fall out when 90% of the media pres etc etc were saying buy buy buy in Jan 2000 when stock that werent making a profit had to be valued on sales ie, a P/S rather than a P/E.

They said ohhhhhh forget them their is no boom and bust cycle anymore.

We all know what happened weeks later.

"Theres nothing to panic about".......................... a awfull lot think their is in the US............and around the world.

Fair enough doodles I was warning with the best intentions.

sticky - i read what you write and take note, but it is farfetched to compare the dotcom bubble with the US garden party (one would like to say tea party, but that would cause even more confusion)

that said, i note that you do not risk going short either

i would argue that it is certain that a solution will be found, purely because it is imperative for world economies that it is, so one can safely assume all sorts of interesting discussions will be taking place as well as subtle and not so pressures being apllied

gf I realise that, I just think a large percentage of the American population, including their politicians should live on another planet.:-)

They said the same then cyners but I get your point.

Must admit aswel all my positions were well in profit so not really bothered about closing them down, I will always open new ones and make a lot of cosha.

Nice to have new positions aswel.

These days I buy stocks I like the name of.

with a pin? lol

and yes, i too have locked in profits in some stocks, but left others running

Doodles after this weeks escapades with the US politicians I wouldnt bet anything against them.

Strikes me that country is not a stable country after those actions on monday.

Saudi isn't either, but that's not so obvious from the outside

Getting more through from US on twitter, this looks very serious.

City A.M.‏@CityAM10m
US treasury says default could mean worse crisis than in 2008

by Peter Spence October 3, 2013, 3:25pm The US treasury has said that a government default would be unprecedented and potentially catastrophic, and could lead to a financial crisis worse than that seen in 2008, according to CNBC.

More to follow. -

15,000 going on the DOW.

discretion and valour came to mind so encashed BLNX and TCG for tasty profits ..... no one went broke etc etc :-)

Billionaire investor Warren Buffett thinks that the political maneuvering ultimately will result in an 11th hour deficit deal.

Story Highlights
Buffet says Congress will 'go right up to the point of extreme idiocy'
But he thinks there will be a last-minute deal

The Oracle of Omaha isn't ready to panic -- yet.

Warren Buffett, the billionaire chairman of Berkshire Hathaway, said Thursday morning in an interview on CNBC that he expects Congress to resolve a stalemate over the U.S. debt ceiling before the nation suffers serious harm.

"We will go right up to the point of extreme idiocy, but we won't cross it," he said in the CNBC interview, appearing somewhat exasperated as he spoke.

His comments come at a moment of unusual national political tension. Democrats and Republicans have not been able to resolve their differences on the budget or on the deficit. Those differences have left 800,000 federal employees on temporary furlough -- with no end in sight.

At the same time, there is no consensus on whether to raise the government's borrowing authority by the Oct. 17th deadline. Failure to do so, the administration has said, would result in the nation's first-ever default.

gf is off again on a rant. Even if the debt ceiling is not lifted and the US defaults, which is unlikely to start with, it will be lifted at some stage pretty sson. Any drop in the US market will be temporary and it will just bounce back. That saying, there could be a buying opportunity if the market drops for a bit.